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Cost Plus Contracts

All articles tagged with #cost plus contracts

politics1 year ago•7 min saved

Elon Musk Targets Government Waste with Big Tech Efficiency Tactics

President-elect Donald Trump has enlisted Elon Musk to lead efforts in reducing government spending, with a focus on the defense sector, which has faced criticism for cost overruns and inefficiencies. Musk's approach may involve shifting from cost-plus to fixed-price contracts, which could incentivize contractors to manage costs better. However, this strategy has its challenges, particularly in areas like shipbuilding, where unique military requirements limit competition. The initiative aims to enhance efficiency without compromising military effectiveness, amid debates on the adequacy of current defense funding.

via Business Insider|

#cost-plus-contracts #defense-budget #elon-musk

space2 years ago•2 min saved

NASA's SLS Rocket: $6 Billion Over Budget and 6 Years Late.

NASA's Space Launch System (SLS) rocket, designed to take astronauts to the moon, is $6 billion over budget and six years behind schedule, according to a new audit from NASA's Inspector General. The report foresees "additional cost and schedule increases" that could potentially jeopardize the entire Artemis mission if problems aren't handled. The SLS uses older technology, including engines salvaged from retired Space Shuttles, which has caused cost and schedule overruns. The Inspector General blames the use of "cost-plus" contracts that allow suppliers to inflate budgets more easily, instead of fixed-priced contracts.

via Engadget|

#artemis-mission #budget-overruns #cost-plus-contracts